Offering clients a combination of experience and innovation, Ed’s practice focuses on securitization and secured financing transactions. For more than 30 years, Ed has concentrated on the financing of term and revolving assets, with a focus on residential mortgages, HELOCs and mortgage-related assets such as servicing rights, as well as more esoteric assets and structures. His experience includes the representation of issuers, investment banks and credit enhancement providers in connection with mortgage-backed and asset-backed structured finance transactions and the representation of management and investors in the formation and operation of private equity funds investing in securitized assets.

Ed has developed and designed innovative structures for financing mortgage servicing rights, Ginnie Mae servicing advances, home equity lines of credit and commuting financial guaranty insurance policies in corporate restructuring programs for mono-line insurance companies. He is also skilled at establishing revolving and term securitization programs. He has structured, negotiated and documented domestic and international transactions for financing residential and commercial mortgages, small business loans, future receivables, computer leases, equipment leases, trade receivables, synthetic leases, corporate debt and other financial assets.

Bar Admissions

Education
JD, University of the Pacific, with great distinction, 1986

AB, Political Economy of Industrial Societies, University of California, 1982

• Represented financial guaranty insurer in connection with the companies surplus restoration plan, including the design and implementation of an exchange offer for approximately $10.7 billion (based on then current face amount) of residential mortgage-backed securities and asset-backed securities.
• Represented financial guaranty insurer as special RMBS counsel, in connection with an exchange offer for over $6.8 billion of insured residential mortgage backed securities, effectively commuting financial guaranty insurance policies related to approximately $3.8 billion of RMBS and approximately $1.2 billion in loss reserves associated with the insurer's RMBS portfolio.
  Represented industry trade group in connection with certain provisions of Dodd Frank Wall Street Reform and Consumer Protection Act.
• Represented mortgage loan servicer in connection with sale of substantially all of its servicing rights.
• Represented FDIC insured institution in connection with its residential mortgage loan program, including warehouse financings, secondary market sales and the establishment and operation of its residential mortgage securitization program.
• Represented management in the formation of multiple private equity funds to invest in mortgage related securities.
• Represented several investment banks in connection with multiple offerings by the first issuer to publicly offer securities backed by small business loans.
• Representation of commercial paper conduits in multiple transactions involving trade receivables, residential mortgage loans and asset-backed securities.
• Represented large independent leasing company in connection with term and commercial paper financing facilities for computer, telecommunications and other equipment leases.
• Represented Spanish bank and subsidiary investment bank in connection with the offering of pass-through certificates backed by Argentine telecommunications receivables.
• Represented U.S. investment bank in connection with the issuance of asset-backed certificates backed by future receivables of Brazilian manufacturing concern, employing a performance bond credit enhancement structure.
• Advised U.S. government agency in connection with the establishment of a program to repackage outstanding mortgage backed securities.

• Robust Financial Guidelines on Tap for Fannie Mae and Freddie Mac Seller/Servicers and Ginnie Mae Issuers, The Journal of Federal Agency Action, Volume 1, No. 2